Free Markets, Property Rights and Climate Change: How to Privatize Climate Policy

posted by
April 5, 2011
Libertarian Papers
by Graham Dawson  
Posted in Commentary

"The goal has been to devise a strategy that protects as much as possible the rights and liberties of all agents, both users of fossil fuels and people whose livelihoods and territories are at risk if the anthropogenic global warming (AGW) hypothesis is true. To achieve this goal the standard climate policy instruments, taxes and emissions trading, should be discontinued. There are weaknesses in the theoretical perspectives used to justify these policy instruments and climate science cannot provide the knowledge that would be needed to justify their implementation. In their place I propose a privatised policy, based on Austrian and libertarian frameworks of thought, which share an interpretation of climate change as a putative interpersonal conflict rather than market failure." [abstract -- full paper available as PDF or MS Word download] (04/01/11)  

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